6 Suggested Answers

Hi,
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Answer a number of questions:
Is the tranformer power adequate for the train and is it a working tranformer?
Will the train run by connecting the wires directly to the two points of the train (wheels and center rail connector)?
Are the tracks new?
Is the lockon new?

Sounds like the "variable resistor" that allows for a variable speed is either defective, or has become corroded on it's switch contacts. You might get lucky with some electrical contact cleaner spray and spraying it in or around the variable speed switch. Otherwise, I'd just invest in a new transformer.

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You can download instructions and product manuals at Lionel.com in their customer service section. If you don't find what you need, use the Contact Us link to ask for help. Lionel offers great customer support.